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The global radiation curable coatings market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Radiation curable coatings comprise reactive liquid, pigments, and additives that are cured using high-intensity radiation energy from visible light, ultraviolet (UV) energy, or low energy electrons (EB). These coatings have a long service life and high performance, require low energy costs, improve surface properties, and protect against corrosion. They also offer low levels of volatile organic compounds (VOCs) and enhance resistance against scratch, impact, abrasion, chemical, and mechanical. Consequently, they find applications in various end use industries to improve the durability, function, and aesthetic appeal of components and products made using glass, plastic, metal, and wood.
The extensive usage of radiation curable coatings in various industry verticals represents one of the key factors bolstering the market growth. For instance, they are employed in the automotive industry to manufacture scratch-resistant keyboards, key panels, gear levers, and other vehicle components. This, in confluence with the escalating demand for advanced infotainment systems in cars, is stimulating the market growth. Moreover, the emerging trend of automated products for household activities is driving the adoption of radiation curable coatings in making domestic electronic appliances, such as microwaves, ovens, dishwashers, and refrigerators. They also find usage in the printing and packaging of plastic bottles, eyeglass lenses, yogurt pots, polystyrene cups, advertising materials, and cellphone and television (TV) set casings. Apart from this, they find extensive application in the manufacturing of fiber optic cables that are widely used in internet cables to transmit large amounts of data at high speed. Furthermore, due to their easy installation and bond strength properties, the demand for radiation curable coatings is anticipated to expand in wood furniture and tubing steel pipes for oil drilling.
IMARC Group provides an analysis of the key trends in each sub-segment of the global radiation curable coatings market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on ingredient, type and application.
Breakup by Ingredient:
Breakup by Type:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Akzo Nobel N.V., Allnex (PTT Global Chemical Public Company Limited), Ashland Global Specialty Chemicals Inc., Axalta Coating Systems Ltd., BASF SE, DIC Corporation, Dymax Corporation, Evonik Industries AG, Momentive Performance Materials Inc., PPG Industries Inc. and The Sherwin-Williams Company.
|Base Year of the Analysis||2020|
|Segment Coverage||Ingredient, Type, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||3M Company, Akzo Nobel N.V., Allnex (PTT Global Chemical Public Company Limited), Ashland Global Specialty Chemicals Inc., Axalta Coating Systems Ltd., BASF SE, DIC Corporation, Dymax Corporation, Evonik Industries AG, Momentive Performance Materials Inc., PPG Industries Inc. and The Sherwin-Williams Company.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
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Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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